REI Lense

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$2,333 (target)

924 Shalimar Point Dr, Shalimar, FL 32579

3 beds • 2 baths • 1737 sqft

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This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $87,150 initial cash invested.

-12.49%

Cash On Cash

3.82%

Cap Rate

0.63

DSCR

$2,333

Rent

-$907

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,333 income − $3,240 expenses = $907 out of pocket

Income$2,333Out of Pocket$907Mortgage P&I$2,11090%Property Taxes$37816%Insurance$1456%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,333

Total Expenses

$3,240

Mortgage P&I

90%

$2,110

Property Taxes

16%

$378

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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